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Ecommerce Merchant Account, 1.5% Discount Rate

An ecommerce merchant account is a necessity for accepting credit cards when doing business online but it doesn't have to cost you a fortune. I've recently been able to secure a special deal for all Ecommerce-Hosting-Guru readers. Rates like this do not come around often.

Fees Detailed

• $0 setup fee
• $15 monthly minimum
• $35 monthly fee (includes statement fee, gateway fee and account fee)
• Avs and transaction fee combined is .20 cents
• 1 year contract

Discount Rate

• .99% for normal bank cards (ie debit)
• 1.50% for regular credit cards
• 2.00% rewards credit cards
• 2.50% for non-qual credit cards (ie international etc)

Other Details

The last two card types are only approximately 10% of cards and your current merchant account would list these as extra fees as well. All credit card providers charge the 4 different rate tiers but most start at the 2nd tier rate above (ie bolded rate) and don't tell you about the extra fees that you will pay.

Variety of gateways supported and the cost is included in the monthly fee, just ask for the gateway you want or we can recommend one.

Special pricing also available for unique situations. Note that if your current rate is 2% which is considered a pretty good rate for ecommerce merchant accounts and if you have $10,000 per month of credit card sales you could save $50 a month. If your sales are higher then $10,000 your savings would be increased even more.

Comparison to PayPal rates

For comparison purposes PayPal's rate is 2.9%, 2.2% if you are a high volume seller and 3.9% for international transactions plus .30 per transaction and a $30 monthly fee.

Terms Defined

Discount Rate: The percentage of each transaction paid as a fee. For instance if the discount rate is 1.5% and you sell $1000 in items the total discount rate would be $1000 x 1.5% = $15

Transaction Fee: Flat cost for each transaction you run. Ie 20 cent transaction fee x 100 transactions in a month = $20

AVS: Stands for address verification service which is when the credit card processor checks if the address on the credit card matches the billing address entered, helps with detecting fraud.

Monthly Minimum: minimum dollar amount that a merchant will be charged within a monthly period. Ie the total of the transaction fees and discount rates must equal at least the minimum or you will still be charged the minimum amount. So for instance if you had 10 sales for a total of $500 for a month and the rate was 1.5% plus 20 cents. ($500 x 1.5%) = $7.50 (.2 * 10) = $2.00, total fees = $9.5 but monthtly minimu was $15, so instead of being charged $9.50 you would be charged $15. If the fees added up to more then the minimum you would pay the actual fees. I know it sounds confusing at first.

Interested in Learning More?

Fill out the form below and we will contact you within 24-48 hours to start the application process and answer any and all questions that you have.

Please note that all fields followed by an asterisk must be filled in. First Name* First Name* Last Name E-mail Address* E-mail Address* Phone Preferred Contact Method Phone Email What do you sell? Do you currently have a merchant account? Yes No Special Comments Please enter the word that you see below.

I promise that we will never sell or rent your email address, phone or any private information. We will use it only to contact you regarding the merchant account.

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